The Hindu Business Line : Tata Steel

This stock bucked the trend in the general market and closed the week in the green. Tata Steel is however still flirting with the intermediate resistance at Rs 850.

We remain with the view that fresh longs should be initiated only above this level.

The subsequent targets are Rs 910 and then Rs 950.

The near-term trend will stay positive as long as the stock holds above Rs 750.

Our intermediate term view remains unaltered.

A move beyond Rs 850 can propel the stock towards its life high again.

But the stock is expected to move in a broad range between Rs 600 and 900 over the intermediate term.

— Lokeshwarri S.K.

More Stories on : Technical Analysis | Stock Markets

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Transporting LDI to private wealth management

Inflation resurrected

DSPML Opportunities Fund: Hold

JM Contra: Hold

UTI Equity Fund — Heavy on capital goods

Update

Asian markets stare down the oil barrel

IRB Infrastructure Developers: Buy

Pantaloon Retail: Buy

SBI

Infosys

Unitech

Reliance Energy

Tech School

‘Hot’ Bangalore cooling off

Property shopping goes global

‘Bank auction’ route to your dream home

Pricey land stifles demand

Green rating for homes

Banking on tools

Seeing is believing

Baskets of X

Prominent bulk deals on NSE & BSE

Bull's Eye

Downtrend may continue in Nifty future

Using Bull Call spreads

What the put-call ratio signals

‘Our biggest problem is an acute home country bias’

‘Latest technology and fast execution crucial for railway projects’

Are you doubly taxed in India and US?

When paying tax creates more money!

Gokul Refoils and Solvents — IPO: Invest at cut-off

Anu’s Laboratories - IPO: Invest

Getting rich slowly